Focus

Rubber market up slightly in a quiet market

07 Aug 2023 05:29pm
For illustrative purposes only - Photo by 123RF
For illustrative purposes only - Photo by 123RF

KUALA LUMPUR - Malaysian rubber prices improved slightly on Monday after the latest US jobs report showed a slower growth, fueling speculation of a possible Federal Reserve (Fed) pause in September.

The United States (US) Non-farm Payroll (NFP) figures released last Friday fell short of expectations, with only 187,000 jobs added compared to the consensus estimate of 200,000.

A dealer said the market was quieter today as investors are now awaiting trade, inflation and jobless claims data from US this week to gauge the Fed’s future monetary tone.

Investors are also looking forward to China’s stimulus promises following top economic committees joint statement citing that the government will unlock more measures to boost consumer spending and improve local liquidity.

However, no major details were offered on the planned stimulus.

At home, the Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber 20 (SMR 20) was up 1.5 sen to 578.0 sen per kilogramme (kg), while latex-in-bulk was flat at 479.5 sen per kg.

At 5 pm, the MRB’s reference price for physical rubber SMR 20 stood at 575.0 sen a kg, while latex-in-bulk was at 477.5 sen a kg. - BERNAMA

Related Articles:

rubber
closing
SMR 20
LATEX IN BULK
FED
STIMULUS
NFP
More Like This
Muhamad Firdaus (left) with his father, Rosly Delniah (right), minutes before being taken into the operation theatre.
Muhamad Firdaus (left) with his father, Rosly Delniah (right), minutes before being taken into the operation theatre.
National 'Thank you dad' – Son expresses gratitude after father donates kidney
By NOR SYAZRINA MUHAMAD TAHIR
23 Dec 2024 05:52pm
Recalling his critical condition, Muhamad Firdaus Rosly shared that doctors had informed him surgery was his only option to survive, but the wait for a donor could take up to 20 years.
Firemen removing a victim from the wrecked vehicle. Photo courtesy of Fire and Rescue Department.
Firemen removing a victim from the wrecked vehicle. Photo courtesy of Fire and Rescue Department.
National Man killed, another hurt in Gohtong crash
The deceased was the driver of a Toyota Corolla, Toh Yok Chai, 58, while the injured was the driver of a Cam Van Placer-X, Ahmad Munir Yunus, 33.
The couple and their five children were living in their dilapidated car, which had no window panes, and the rear windshield was shattered. Unable to afford repairs, they covered the openings with plastic sheets secured by tape. - Photo source: Steven Sim/FB
The couple and their five children were living in their dilapidated car, which had no window panes, and the rear windshield was shattered. Unable to afford repairs, they covered the openings with plastic sheets secured by tape. - Photo source: Steven Sim/FB
National Concerned for family of seven living in car, Sim provides house and helps secure employment
The couple and their five children were living in their dilapidated car, which had no window panes, and the rear windshield was shattered.
Raub (centre) together with his officers displaying the seized ecstasy, erimin 5 pills, ketamine, and cash following the arrest of two men in three raids around Johor Bahru, during a press conference at the Johor Bahru Selatan District Police Headquarters today. - Photo by Bernama
Raub (centre) together with his officers displaying the seized ecstasy, erimin 5 pills, ketamine, and cash following the arrest of two men in three raids around Johor Bahru, during a press conference at the Johor Bahru Selatan District Police Headquarters today. - Photo by Bernama
National Syndicate using plastic banknotes to smuggle drugs busted in JB
The syndicate’s modus operandi was to use rented houses and vehicles to repackage drugs before distributing them in the Johor Bahru area.